Why the Lake Resources (ASX:LKE) share price jumped 16% to a 52-week high

The Lake Resources N.L. (ASX: LKE) share price has continued its positive run on Tuesday.

Earlier today the lithium-focused mineral exploration company’s shares were up 16% to a 52-week high of 18 cents.

Why is the Lake Resources share price at a 52-week high?

This morning Lake Resources announced that shallow drill testing is underway on-site at its flagship Kachi Lithium Brine Project, Argentina. This is part of the development activities required for the Definitive Feasibility Study (DFS).

According to the release, geophysical studies have assisted the planning of the shallow wells. These will be followed by further geotechnical studies, in addition to recent works conducted on proposed sites for Lilac Solutions’ direct…